Jesse Drucker on Muck Rack

Jesse Drucker Verified

Rome, Italy
Investigative Reporter — Bloomberg News
As seen in:  Bloomberg News

Investigative reporter, Bloomberg @business. Formerly: @WSJ @Observer

Wal-Mart has $76 billion in overseas tax havens, report says

finance.yahoo.com — Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.

Wal-Mart has $76 billion in overseas tax havens, report says

sj-r.com — Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.

Wal-Mart has $76-billion in overseas tax havens, report says

bnn.ca — Wal-Mart Stores Inc. owns more than $76-billion (U.S.) of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart (WMT.N) has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.

Why Wal-Mart Set Up Shop in Italy

wsj.com — Retailer Has No Stores, As Tax Spat Lays Bare More than 4,500 miles separate a small Wal-Mart Stores Inc. office in Florence, Italy, from the company's dozens of Illinois retail outlets. But thanks to a convoluted tax arrangement, court records show, Wal-Mart's Italian operation has helped the giant retailer cut its state tax bill in Illinois by millions of dollars a year.

Inside Wal-Mart's Bid To Slash State Taxes

wsj.com — Ernst & Young Devises Complex Strategies; California Pushes Back In May 2001, Wal-Mart Stores Inc. issued an appeal to big accounting firms: Find us creative new ways to cut our state tax bills. Ernst & Young LLP swung into action. Senior tax experts at the big accounting firm swapped ideas via email and in a series of meetings.

Wal-Mart Cuts Taxes By Paying Rent to Itself

wsj.com — Other Retailers, Banks Use Loophole in Rules To Lower States' Levies As the world's biggest retailer, Wal-Mart Stores Inc. pays billions of dollars a year in rent for its stores. Luckily for Wal-Mart, in about 25 states it has been paying most of that rent to itself -- and then deducting that amount from its state taxes.

Wal-Mart has $76-billion in overseas tax havens, report says

theglobeandmail.com — Wal-Mart Stores Inc. owns more than $76-billion (U.S.) of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.

Wal-Mart Has $76 Billion in Overseas Tax Havens, Report Says

bloomberg.com — Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.

Yahoo’s Alibaba spinoff complicated by potential IRS changes

theglobeandmail.com — Yahoo Inc. investors have reason to worry about the company's plan to exit its stake in Alibaba Group Holding Ltd. in the wake of new scrutiny by the Internal Revenue Service of such tax-free spinoffs, tax lawyers said. In January, Yahoo announced a plan to shed its shares in Alibaba, a stake then valued at almost $40-billion (U.S.).

Yahoo’s Tax-Free Spinoff Plans for Alibaba Stake Clouded by IRS

bloomberg.com — Yahoo! Inc. investors have reason to worry about the company's plan to exit its stake in Alibaba Group Holding Ltd. in the wake of new scrutiny by the Internal Revenue Service of such tax-free spinoffs, tax lawyers said. In January, Yahoo announced a plan to shed its shares in Alibaba, a stake then valued at almost $40 billion.
More Articles →
Jul 04, 2015

RT @Publici: Federal workplace exposure limits for chemicals are meant to safeguard people from significant harm. Often they don’t.bit.ly/1IP2lB2

Jul 04, 2015

RT @Publici: Chemical exposure that would never be tolerated outside a plant is often legal inside. With @reveal. bit.ly/1Iwva9C

Jul 01, 2015

RT @LoebVernon: Wait, what? Mets must pay Bobby Bonilla $1.5 million a year through 2035 nyti.ms/19Veqc4

Jun 28, 2015

RT @KenRoth: Why is Iran, victim of Saddam's horrible chemical attacks, not pressuring ally Assad to stop his chlorine attacks? pic.twitter.com/ccupCsdjIN

Jun 28, 2015

RT @qz: Photos: Women are dying their hair in El Salvador to avoid gang violence qz.com/436438 pic.twitter.com/63k5CjxHaX

Jun 28, 2015

RT @vurnt22: A Black President heralding the Supreme Court legalizing Gay Marriage. James Baldwin would be AMAZED.

Jun 28, 2015

RT @SalAlbaneseNYC: It's height of hypocrisy 4 some on Wall St earning zillions from managing $ 4 workers too call DB pensions 4 retirees too expensive

Jun 28, 2015

RT @powellnyt: The tribal silliness of Porzingis rage. Yo Knicks fans, Hoops a Global Sport nyti.ms/1GRqoBi



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